A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a grantor trust and situations in which it might be useful.
Grantor Trusts Provide Flexibility and Ease
Estate Planning Attorney at Wilcox Attorneys, PA
Audra Bailey Wilcox is the owner and lead attorney at Wilcox Attorneys, P.A. The firm’s areas of practice include estate planning, long-term care Medicaid planning, business/farm succession planning, probate, wills, trusts, and estate planning. Audra began practicing law in 1998 after she received her Bachelor of Arts Degree in Political Science and her Juris Doctor from the University of Arkansas...
Learn more about Audra here
Learn more about Audra here
Latest posts by Audra Wilcox (see all)
- 7 Essential Steps in the Fayetteville Estate Planning Process - October 14, 2026
- Understanding the Relationship Between a Will and a Trust in My Arkansas Estate Plan - September 30, 2026
- Should I Appoint Co-Trustees to Administer My Arkansas Trust? - September 16, 2026